Direxion Daily FTSE China Bull 3X ETF

Direxion Daily FTSE China Bull 3X ETF

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the FTSE China 50 Index.
The fund creates long positions by investing at least 80% of its assets in the securities that comprise the FTSE China 50 Index and/or financial instruments that provide leveraged and unleveraged exposure to the index. These financial instruments include: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; exchange-traded funds; and other financial instruments. It is non-diversified.